Tuesday August 26 2014
News Source: Global Exchanges
Focus: Holidays and Opening Hours and suspensions
Type: General
Country: Israel
Link: http://www.tase.co.il/Heb/NewsandEvents/PRArchive/2014/Pages/PR_20140825.aspx
The Tel Aviv Stock Exchange (TASE) is currently examining the possibility of aligning its trading schedule with accepted practice abroad by adopting a Monday through Friday (rather than Sunday through Thursday) trading week. Trading on Fridays will close at 14:00.
The TASE Board of Directors discussed this issue at its meeting last Thursday and announced that it favors the proposed measure. The discussion was based on a preliminary survey, which indicates that the market welcomes the suggested transition and views it in a positive light.
In the coming period TASE will examine the issue with its members, evaluating the implications of the shift in trading schedule from various operational and economic standpoints.
Click link above for further details.